Sargent Investment Group LLC Invests $311,000 in VanEck Semiconductor ETF $SMH

Sargent Investment Group LLC purchased a new position in VanEck Semiconductor ETF (NASDAQ:SMH) during the 4th quarter, HoldingsChannel reports. The fund purchased 863 shares of the company’s stock, valued at approximately $311,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Morgan Stanley increased its position in VanEck Semiconductor ETF by 4.8% during the fourth quarter. Morgan Stanley now owns 2,657,540 shares of the company’s stock worth $957,061,000 after purchasing an additional 121,815 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in VanEck Semiconductor ETF by 158.7% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock worth $431,759,000 after purchasing an additional 735,425 shares during the last quarter. Bank of Nova Scotia increased its position in VanEck Semiconductor ETF by 24,986.6% during the third quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock worth $246,437,000 after purchasing an additional 752,097 shares during the last quarter. Focus Partners Wealth increased its position in VanEck Semiconductor ETF by 906.5% during the fourth quarter. Focus Partners Wealth now owns 745,768 shares of the company’s stock worth $268,562,000 after purchasing an additional 671,673 shares during the last quarter. Finally, Menora Mivtachim Holdings LTD. increased its position in VanEck Semiconductor ETF by 0.4% during the third quarter. Menora Mivtachim Holdings LTD. now owns 576,000 shares of the company’s stock worth $187,983,000 after purchasing an additional 2,500 shares during the last quarter.

VanEck Semiconductor ETF Trading Up 4.4%

VanEck Semiconductor ETF stock opened at $647.10 on Tuesday. VanEck Semiconductor ETF has a 12-month low of $257.12 and a 12-month high of $649.24. The stock has a market cap of $75.19 billion, a P/E ratio of 34.83 and a beta of 1.72. The company has a 50-day moving average price of $532.52 and a 200 day moving average price of $437.60.

VanEck Semiconductor ETF Company Profile

The VanEck Semiconductor ETF (SMH) is an exchange-traded fund that is based on the MVIS US Listed Semiconductor 25 index, a market-cap-weighted index of 25 of the largest US-listed semiconductors companies. SMH was launched on May 5, 2000 and is managed by VanEck.